The promise is jobs and more tax revenue, but New York may eventually discover what New Jersey did: that it had four more casinos than it actually needs. Cuomo is planning to add four casino destinations in the upstate region to the nine racinos and five casinos already operating. Plans are being hatched for a betting fortress in Jersey City, where the population density might favor the house a little more. The former Trump Plaza Hotel and Casino has been. Neither does building another casino anywhere in the region, but don’t bet against it. A hotel and casino in Atlantic City, New Jersey, that was once owned by former President Donald Trump was demolished Wednesday morning. But that doesn’t make much economic sense. “We hope that Revel can be a successful and vital component of Atlantic City under a proper ownership and reorganized expense structure,” the company said in a statement. It’s still possible that someone could buy the closed Revel and reopen it as a casino. Pieces of the pie will only get smaller now that Massachusetts is planning to join the game. Revenues from Foxwoods and Mohegan Sun peaked at $1.7 billion in 2006 they dropped to $1.17 billion last year according to UNLV. As a result, says UNLV, 10 out of the 22 states with gaming in 2007 have seen declines since then. Meanwhile, the number of gambling locations continues to rise. The casino once formed a key part of Atlantic Citys skyline.
Americans threw down nearly $39 billion in gaming halls last year, according to the University of Nevada at Las Vegas, but that amount is flat with 2012.
